The Executive Director/Chief Executive Officer, Nigerian Export Promotion Council (NEPC), Dr Ezra Yakusak, has disclosed that in 2020, Nigeria recorded a $5 billion (N2.075 trillion) e-commerce transaction. Yakusak made this disclosure while launching an e-commerce platform, “Agogo Africa”, in Abuja.
According to the Director, sectors such as apparel, garment, arts and craft, cosmetics, and the beauty industry were the most visible in the contribution to the Gross Domestic Product (GDP).
Yakusak said available statistics from ecommercedb.com indicates that e-commerce transactions in 2020 was over $5bn.
The Director also said the launch of Agogo Africa platform was a step in the right direction as it will not only expose the fashion and textile industry to the global market but also provide an opportunity for the industry to source the raw materials the fashion industry players need in their production processes.
Speaking at the unveiling of the platform, CEO of Agogo Africa, Mr Lexy Mojo-Eyes, said the platform had commenced in 2014 with operations in few countries, but has experienced massive growth as the paltform is now functional in 42 countries.
